Your business faces liabilities every day and as society evolves and grows so do your liability exposures. One way to protect your business assets is to carry adequate, quality, primary Commercial General Liability (CGL) insurance. General Liability insurance covers claims of bodily injury or other physical injury or property damage that are caused by negligence from a range of exposures as well as provides legal defense coverage to respond from lawsuits against your business. Morris & Reynolds offers General Liability insurance from the world’s leading insurers and offers this coverage for any and every business type imaginable.
GENERAL LIABILITY COVERAGE BASICS
Slips and falls, assault, battery, murder, bad things sometimes happen. It may be difficult to imagine how your business could cause another person serious harm or even death. But it’s good to know that if you are ever held responsible for someone else’s sickness, injury, or disease, your general liability insurance policy would pay the injured person for a range of things, some of which include medical care costs, loss of services and for court-awarded compensation.
Even if you’re careful and take precautions, it’s still possible that something your business does – or something it doesn’t do – could damage another person’s property. It’s also possible that your actions might prevent the property’s owner from being able to use it. In such cases, your business liability insurance coverage can pay the owner of the property your business damaged a number of things including physical damage to the property and loss of use of the property. It is helpful to know that property damage liability coverage often does not cover damage caused to client property you are working on or have in your possession.
If you make, distribute or service something you need Commercial General Liability insurance and its Products & Completed Operations coverage. Commercial general liability insurance policies generally include liability protection related to negligence for services you render and the products you sell from your company. So if something your company manufactures, distributes or a service that your business provides causes an injury, your policy would pay for any resulting legal expenses, as well as damages up to your policy’s limit. It is helpful to know that professional services, such as creating a drawing, providing legal advice or a medical service such on you might find from an architect, lawyer or doctor is not covered by general liability policies.
Most commercial liability insurance policies cover liability you might take on when you enter into various contracts, such as easement-of-license agreements, building leases, elevator maintenance agreements and agreements to indemnify a municipality, if required by ordinance.
HOST LIQUOR LIABILITY
If you do not manufacture, distribute, sell, serve, or furnish alcoholic beverages as a business, your general liability insurance policy will cover you if are held liable for a liquor-related accident from what is called host liquor liability. If you distribute alcoholic beverages occasionally, such as at a company picnic or office holiday party, you’d also be covered – as long as you don’t charge money for the alcohol. For businesses such as a restaurant, lounge or beverage distributor Morris & Reynolds can arrange Liquor Liability coverage for your business.
HIRED AUTO & NON-OWNED AUTO
If your business rents a vehicle or might then it needs to have Hired Auto Liability. For those occasions when someone drives their own vehicle for a business errand, say to the bank or a supply store, your business needs Non Owned Auto Liability. If these coverage’s are not added to your business auto policy then many Commercial General Liability insurers will add them to their coverage for a minimal cost.
RENTAL CARS: This coverage also allows you to save money on at least part of the insurance that rental car companies recommend whenever you pick up their cars. When you rent the car in your company’s name, this insurance applies to the liability part of the rental car contract. You’ll still need to purchase damage insurance from the car rental agency if you want to be fully protected, however, as this option doesn’t cover physical damage to the rented vehicle.
NON-OWNED AUTO’S: If you or an employee is driving a personally owned vehicle on company business, and you have an auto accident, non-owned auto coverage protects you should the company be sued. However, the policy will not cover a suit against you or your employee personally – that would be covered by a personal auto policy.
Personal injury is the part of the commercial general liability policy that protects you should someone claim that your business caused them damage from libel, slander and defamation. Personal Injury Liability often addresses claims businesses might face from; publishing, in writing or verbally, false information that libels or slanders an organization or person; publishing material that violates someone’s privacy rights, falsely detaining, arresting or imprisoning someone and maliciously prosecuting someone or evicting someone wrongfully.
Should you ever be sued over something that happens while advertising your company’s products or services, your business liability insurance protection’s Advertising Injury can help. Advertising injuries can arise from a range of exposures including; your business publishing, verbally or in writing, false information that libels or slanders a person or organization; publishing material that violates an individual’s privacy rights; copying another company’s style of doing business, or advertising concepts and infringing on another business’s title, copyright or slogan
Medical Payments can be viewed as ‘good will’ insurance and can be used by the insurer to try and pay for a small claim so as to avoid litigation. If a person should be injured, either directly by you or at your place of business, your commercial liability insurance coverage would pay for funeral and medical expenses. For example, if one of your clients slips and falls at your office and requires medical treatment, your policy would cover the cost of that treatment up to the limit shown in the policy.
LEGAL DEFENSE EXPENSES
The cost to defend your business once a lawsuit arrives can be astronomical. Many businesses value the coverage their liability insurance provides not because they expect a claim or to have damages to be paid for negligence but for the defense costs the insurance includes in the event someone sues them. A Commercial General Liability policy typically provides unlimited defense costs is you are sued and will generally pay for:
Costs to defend or investigate a suit or claim against you, including court costs, witness fees, attorney’s fees, and police report costs
Reasonable expenses, such as the loss of your income for a day in court
Judgments or settlements resulting from covered suits, including interest required on the judgment and the injured party’s medical expenses, if your defense is unsuccessful
Court bonds to ensure you can pay a potential judgment in a liability suit, this insurance will pay the premium for the bond
General Liability insurance does not protect your business against every liability. If you or your employees make professional judgments and recommendations in the course of your business Morris & Reynolds can help you obtain a Professional Liability policy in addition to a Commercial General Liability policy. Professional Liability Insurance (also known as Malpractice, or Errors and Omissions, or E&O coverage) is a separate type of insurance that protects your business against loss from a claim of alleged negligent acts, errors or omissions in the performance of your professional services. Professional Liability insurance is another important type of coverage to protect your business from potentially catastrophic claims.
A UNIQUE APPROACH TO BUSINESS INSURANCE
Business insurance is our business. When it comes to your coverage and the risks your enterprise and people face we treat your business as if it were our very own. At Morris & Reynolds we offer a unique, hands on, passionate relationship with our clients that in most cases last decades because of the reliable, results oriented, solutions we provide from year to year. Some of the benefits of our business insurance work for our clients include;
SUPERIOR MARKET KNOWLEDGE, RELATIONSHIPS & INSURER ACCESS
Morris & Reynolds represents and has access to the entire market of leading insurers for all of the risks our business insurance client face. Many of our relationships with major insurers span decades and in some cases date to the founding of our firm in the 1950’s. We also take pride in representing cutting edge and emerging insurers from around the globe to structure the coverage, limits and costs you need and deserve.
ALL FORMS OF INSURANCE, EMPLOYEE BENEFITS & RISK RELATED SERVICES
Our dedicated professional people are your consultants, problem solvers and partners. We help assess your needs, evaluate solutions and suggest alternatives for your organization. We build a high level of familiarity with your company so we can offer the insights that satisfy your changing risk-financing needs. Some of our products and services include:
Alternative Risk Financing, including Captives and Risk-Sharing Pools
Claims Management & Administration
General Property and Casualty Insurance
Group Health Insurance & Employee Benefit’s
Malpractice and Errors & Omissions
Pension & Retirement Plans
Professional Liability including Directors and Officers and Employment Practices
Risk Management & Loss Control Services
Workers Compensation and Employers Liability
AGGRESSIVE, TRANSPARENT, NEGOTIATIONS
Your protection, goals and bottom line are our sole focus. The coverage and costs that we negotiate, in fact all we do, is focused on your protection needs, goals and bottom line. We are known as aggressive negotiators who have our clients’ best interest at heart. Always.
We also enjoy serving our clients in the most transparent manner possible and are happy to discuss and disclose our compensation and answer your questions about that important topic with you. Morris & Reynolds is a truly independent insurance agency and has been since 1950. Our focus is never on stockholders, stock prices or an insurance company preference but our clients’ goals, dreams and desires. Always.
PEACE OF MIND
Insurance is more than a legal contract, it’s your peace of mind. At Morris & Reynolds Insurance we take your protection, and peace of mind, to heart in all we do from the coverage we structure, the insurers we suggest and the day to day service and care we provide to our clients. When you need us most, we will always be there.
VISION & INNOVATION
At Morris & Reynolds Insurance our clients receive the best of both worlds. We are well known for our ‘old fashioned, reliable and responsive service that dates to the founding of our agency in 1950. We are also known for employing cutting edge technology and offering the latest in coverage innovations and ideas to serve our clients’ ever evolving needs. Services such as The Protection Portal, Morris & Reynolds MyWave and the Morris & Reynolds Risk Management & Loss Prevention Services are just a few examples of our forward thinking approach to service.
AWARD WINNING, EDUCATED, PROFESSIONAL PEOPLE
Our Client Service Underwriters, Client Advocates and Professional Agents are deeply committed to their profession and career-long learning. Our award winning TEAM of professional people, the finest people in insurance, is unique to Morris & Reynolds Insurance. In order to offer our client’s the very finest results possible we constantly seek improvement by way of training, performance measurement and process reviews.
Our corporate office is an approved and certified testing site for the prestigious Insurance Institute of America and their curriculum is part of our ongoing TEAM educational efforts. Morris & Reynolds Insurance is proud of the awards that TEAM members have received from a variety of industry associations and insurers, including the Florida Agent of the Year, The National Agent of the Year and The Customer Service Representative of the Year Honors to name a few.
A UNIQUE APPROACH TO RISK REDUCTION
Every day we work to provide you with the very best coverage, care and solutions available. Our extensive range of professional services, designed to manage your risk and make you and your business more efficient, include:
ANNUAL UPDATING & RISK REVIEW
Businesses change and evolve. Because of this, Morris & Reynolds conducts annual audits of your coverage and the exposures, risks and facts that your insurance is based upon. Working many months in advance of your renewal, we ensure that the coverage and exposures are current so that your renewal will progress as your business does.
Coverage such as workers compensation and general liability are based on estimated exposures that are then audited by the insurer after the policy year ends. Our team of experts is available to assist in the preparation of your audit or even conduct the audit with the insurer for you, to save you time and money.
We place an extreme emphasis on your claims. Morris & Reynolds employs licensed, professional insurance adjusters that manage your claims all year long with state of the art automation. Your assigned Claims Manager at Morris & Reynolds is your expert advocate, dedicated to resolving claims quickly and fairly. Whether it is a simple auto claim, a major fire, a devastating hurricane or a complex lawsuit, we will be right next to you doing our best to support you during what we know can be a traumatic time.
ROBUST, ANNUAL, MARKET RESEARCH & AGGRESSIVE NEGOTIATIONS
Morris & Reynolds represents hundreds of the world’s leading insurers, brokers, wholesalers, reinsurers and alternative risk related firms in the industry. As your agent, we aggressively seek solutions from all leading insurers in the marketplace and negotiate one insurer against another to arrange the best possible coverage and cost for you.
RISK MANAGEMENT & LOSS CONTROL
Protecting your business and bottom line through risk management and loss control can have a dramatic impact in lowering your insurance costs and risk related expenses. The risks that you face can come from a variety of sources including project failures, legal liabilities, natural disasters and even deliberate attacks. We proudly offer you best in class risk management and loss control that can help identify, control and manage the risks you face.
STEWARDSHIP & DEEP ANALYSIS
Success in reducing your risk and its associated costs are often found deep in the details of your coverage, claims and business. For this reason, Morris & Reynolds provides a range of detailed stewardship reports and analysis related to your coverage, options, performance, claims and other risk related metrics that are useful in constructing your Protection Plan and managing your risks.
MORRIS & REYNOLDS MYWAVE
Morris & Reynolds’ MyWave is a truly dynamic internet-based portal that delivers robust, time saving tools and information related to employee benefits, human resources and risk management. Simply log on to your customized homepage to find valuable detailed information as well as interactive postings.